【BTCJPY】20181220 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. It also formed a bullish candle yesterday (December 19), continuing a four-day streak of gains from the previous day, briefly breaking 440,000 yen, but the market pulled back and closed in the 410,000 yen range.

R2=454,243

R1=433,816

S1=400,645

S2=387,901

※ A pivot point is a technical indicator used to predict the price movement for the day based on the previous day's price action. Centered on the Pivot Point (PP), draw resistance lines (R1, R2) and support lines (S1, S2) above and below, and use them as trading targets.

【Calculation Formula】

Pivot Point (PP) = (Yesterday's close + Yesterday's high + Yesterday's low) / 3

Resistance Line 1 (R1) = PP + (PP - Yesterday's low)

Support Line 1 (S1) = PP - (Yesterday's high - PP)

Resistance Line 2 (R2) = PP + (Yesterday's high - Yesterday's low)

Support Line 2 (S2) = PP - (Yesterday's high - Yesterday's low)